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home equity loan

   Also found in: Financial, Acronyms, Wikipedia 0.07 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.home equity loan - a loan secured by equity value in the borrower's home
consumer credit - a line of credit extended for personal or household use
loan - the temporary provision of money (usually at interest)


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In The Insider's Guide To Home Equity Borrowing he draws upon his years of experience and expertise to show the reader in great and comprehensive detail just how to determine the best home equity lender for them, how to successfully negotiate the best terms for a home equity loan, and how to get their home equity loan application quickly approved by the lender.
Once the deed to the home is officially transferred to your name (an estate planning attorney can help), this would be an excellent time to take out a home equity loan for a modest amount, say $50,000, on a property appraised at $150,000.
4 percent of homeowners had a home equity loan in 1977.
 
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